IRS Notice CP162B: Penalty for incomplete partnership or S corp return
IRS Notice CP162B is a balance due letter from the IRS. The IRS charged a penalty because a partnership or S corporation return was missing information or was not e-filed. The penalty keeps growing each month until the information arrives, for up to 12 months.
What this letter usually means
The IRS charged a penalty because a partnership or S corporation return was missing information or was not e-filed. The penalty keeps growing each month until the information arrives, for up to 12 months. Compare the amount with your own payment records. If it looks wrong, the letter explains how to tell the IRS.
Category: You owe a balance
What people usually do first
If you agree, mail payment by the date on your letter, and send any missing information as soon as you can.
What to have ready
- The CP162B notice and the return it covers
- The missing information
- A signed reasonable cause explanation if you have one
- Proof of your partner count, or an e-file waiver
- Form 2848 if someone else will act for you
What may come next
This letter does not point to a specific follow-up letter. Any later step will be described in mail from the IRS.
Read the IRS page
The IRS letter itself is the final word on what it means for you. Read the IRS page for CP162B.
Common questions about CP162B
What is IRS notice CP162B?
The IRS charged a penalty because a partnership or S corporation return was missing information or was not e-filed. The penalty keeps growing each month until the information arrives, for up to 12 months.
How long do I have to respond to a CP162B notice?
The date to respond or pay by, if there is one, is printed on your letter. Check it, and read the IRS page for CP162B for more.
Is a CP162B notice a scam?
A real CP162B comes by mail and should match your own records. You can also sign in to your IRS Online Account on irs.gov to see your account directly.
What should I have ready for a CP162B notice?
The CP162B notice and the return it covers, The missing information, A signed reasonable cause explanation if you have one, Proof of your partner count, or an e-file waiver, Form 2848 if someone else will act for you.
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The OweRight app can tell you what a CP162B letter is and points you to the IRS page for it.
OweRight is not the IRS and does not give tax or legal advice.
Related notices
- IRS Notice CP521: Installment payment reminder
- IRS Notice CP14I: Balance due on IRA taxes
- IRS Notice CP504B: Notice of intent to levy
- IRS Notice CP90C: Assets levied and right to a hearing
- IRS Notice CP91: Intent to levy Social Security benefits
- IRS Notice CP92: State refund taken, right to a hearing